Deutsche Telekom Battles Back
By Slashing Long-Distance Rates

BONN -- After a bruising fight with new cut-rate competitors last year, the pendulum seems to be swinging back in Deutsche Telekom AG's favor.

Although Deutsche Telekom took a long time get into the price war that has been raging in the German telecommunications market since competition began on Jan. 1, 1998, its decision to outdo its rivals by slashing long-distance calling rates by as much as 60% shot holes in the business plans of...